Form 4: Amplify Energy CFO Vests PSUs, Acquires Shares

Amplify Energy Corp.'s President and CFO, James Frew, acquired 55,829 shares of common stock through PSU settlement and disposed of 23,888 shares for tax withholding.

Summary

• James Frew, President & Chief Financial Officer of Amplify Energy Corp., reported changes in his beneficial ownership of company securities.
• On January 6, 2026, 55,829 shares of common stock were acquired upon the settlement of previously awarded Performance Stock Units (PSUs).
• The Compensation Committee certified the company's relative and absolute total shareholder return performance for the period from January 1, 2023, through December 31, 2025.
• This certification resulted in 100% of the PSUs originally granted on April 17, 2023, becoming earned at 100% of the target amount.
• Following the acquisition, James Frew beneficially owned 185,051 shares of common stock.
• Concurrently, 23,888 shares of common stock were disposed of at a price of $4.57 per share, likely for tax withholding related to the PSU vesting.
• After all reported transactions, James Frew beneficially owned 161,163 shares of common stock and 96,009 Performance Stock Units.

Sentiment

Score: 7

Explanation: The full vesting of performance-based equity awards at target indicates strong past company performance relative to its goals, which is generally positive. The disposition of shares is for tax purposes, a common occurrence.

Positives

• The full vesting of 100% of the Performance Stock Units (PSUs) at 100% of the target amount indicates that Amplify Energy Corp. successfully met its performance goals (relative and absolute total shareholder return) over the January 1, 2023, to December 31, 2025, performance period.
• The acquisition of 55,829 shares by a key executive demonstrates continued alignment of management's interests with shareholders.

Negatives

• The disposition of 23,888 shares, while likely for tax purposes, represents a reduction in the executive's direct share ownership.

Future Outlook

NA

Industry Context

NA

Stakeholder Impact

• Shareholders: The full vesting of PSUs based on Total Shareholder Return (TSR) performance suggests the company met its performance objectives, which could be viewed positively by shareholders. The executive's continued significant ownership aligns interests.
• Employees: The successful vesting of performance awards can be a positive signal for employee morale and retention, especially for those with similar incentive structures.

Key Dates

Recommendation

The filing indicates that Amplify Energy Corp. met its performance targets for executive compensation, specifically achieving 100% vesting of Performance Stock Units based on total shareholder return over a three-year period. This suggests solid past operational and market performance. While the executive sold some shares, it was likely for tax purposes, a common practice upon vesting. This Form 4 primarily reflects a routine compensation event and does not provide new fundamental information that would warrant a change in investment thesis, hence a 'hold' recommendation is appropriate for existing investors. New investors would need to conduct further due diligence beyond this filing.

Keywords

Amplify Energy, AMPY, Form 4, Insider Trading, Executive Compensation, PSU Vesting, Share Ownership, James Frew, Total Shareholder Return